My last post described sales in (area 17) Greater Uptown for the 1st quarter. Steve Brown reported sales for the same period on Friday although his number and mine didn't jive. Hmm I wonder why?
Let me tell you why, Steve Brown has fallen asleep again and started reporting only Single Family Home data. Well guess what, that doesn't work in this area. Single Family homes make up less than 10% of the supply, Condominiums and Townhomes make up the rest. So his data is basically worthless (well it has 10% value).
So why does he keep doing it? I don't know I confronted him about 3 years ago and he said he should break it out and he did off and on for a while. Well he needs to get back to it. Otherwise the only way to get the real info is to read this blog.
Thursday, April 24, 2008
Monday, April 14, 2008
Uptown Prices Rise in First Quarter!
As the national real estate market continues its shakeout, Uptown Dallas continues to show increases in Sales Data. Data sourced from NTREIS(local MLS provider) shows the averages increased as compared to the first quarter of 2007.
Sales prices increased to an average of $355,000 v. $288,000
Median Sales Prices increased to $246,000 v. $201,000
Average Price per Square Foot rose to $189 from $178
As Dallas continues to be a leader in adding new residents and new jobs the demand for homes should continue. More statistics about the local strong economy can be found at DFW Housing Facts
Sales prices increased to an average of $355,000 v. $288,000
Median Sales Prices increased to $246,000 v. $201,000
Average Price per Square Foot rose to $189 from $178
As Dallas continues to be a leader in adding new residents and new jobs the demand for homes should continue. More statistics about the local strong economy can be found at DFW Housing Facts
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